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Top German firm Haarman Hemmelrath & Partner is opening an office in London. The firm will focus on tax, corporate/M&A and banking work.
The office will start with around six partners who will probably be evenly split between lawyers from Germany and lateral hires from London firms. The salaries on offer - of up to u500,000 - should attract lawyers from the higher echelons of the London market.
Within the German market the firm, formed in 1987, is viewed as one of the rising stars of the legal industry. Although it is mainly known as a tax firm it has managed to widen its scope over the last few years to a broader corporate practice.
It already has eight offices in the major legal centres of Germany and overseas offices in Milan, Paris, Prague, Tokyo and Warsaw. Haarmans has 86 lawyers and is currently the 12th biggest firm in Germany.
Since the break-up of its affiliation with Taylor Joynson Garrett several years ago, the firm has been considering opening in London. Now the demand from clients has grown so strong that Haarmans had to make a move.